Craft and fabric retailer JOANN is planning to close locations in 2025 as part of a store optimization strategy. The company filed for Chapter 11 bankruptcy in March 2024 but secured funding to address its debt. While the exact number and timing of closures remain undisclosed, shoppers can anticipate potential major sales at affected stores.
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Another day, another closure notice from a major retailer. In the past month alone, we've had news about store closings from Big Lots,, among others. Now, JOANN is the latest company to announce that it will close locations in 2025. The 82-year-old craft and fabric store confirmed the news to, JOANN's director of corporate communications, diversity, and inclusion, saying the stores 'are being closed as part of routine store location evaluation and optimization.'In March 2024, JOANN filed for Chapter 11 bankruptcy, noting that it had secured $132 million in funding to pay off its debt, asreported. Some analysts opined that the store had fallen on hard times due to a post-Covid slump, inflation, and customers taking their business to However, at the time, the retailer operated 829 stores in 49 states and said it had no plans to close any of them—until now.Hayes did not provide details on when these stores will close and if there will be additional closures in the coming year. However, she did note that JOANN 'opened new and remodeled locations in recent months, including new stores in Great Falls, MT and Maplewood, MN.'has reached out to JOANN for more information, and we will update this story with their response.Though it's not been confirmed by JOANN, shoppers can likely expect major sales at shuttering locations. In reporting on the closing of the Hermitage, Pennsylvania store, local NBC affiliate 21 WFMJ said there were signs in the windows advertising 50 to 70 percent off the entire stor
Retail Store Closings JOANN Chapter 11 Bankruptcy
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